Moody's downgrades France's rating

Last updated 11:57 20/11/2012

Relevant offers

World

Rolling Stone editor quits as students sue Jack Dorsey's harsh criticism of Twitter's previous policies not enough to turn company around Facebook profit slides 9 per cent, heavy spending on investments US Fed leaves door open for rate hike in September VW beats Toyota as world's biggest automaker Trade ministers cautiously hopeful about Trans-Pacific Partnership deal China's stock slump hits world markets John Key says NZ's drug bill set to rise under TPP, but patients protected Mitsubishi production hubs will be Japan, SE Asia, Russia Greek PM Alexis Tsipras under pressure over drachma plans

Moody's Investors Service downgraded France's sovereign rating by one notch to Aa1 from triple-A, the agency said on Monday, citing the country's uncertain fiscal outlook as a result of "deteriorating economic prospects."

Moody's said it is maintaining a negative outlook on the country due to structural challenges and a "sustained loss of competitiveness" in the country.

Standard & Poor's has a AA+ rating on France, which it downgraded by one notch in January from AAA.

Ad Feedback

- Reuters

Special offers

Featured Promotions

Sponsored Content